News articles about CNOOC Limited (NYSE:CEO) have been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNOOC Limited earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.0715857486898 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

A number of analysts have issued reports on the company. BidaskClub lowered CNOOC Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. HSBC Holdings plc raised CNOOC Limited from a “hold” rating to a “buy” rating in a research note on Monday, June 5th. Goldman Sachs Group, Inc. (The) raised CNOOC Limited from a “neutral” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Tuesday. Zacks Investment Research downgraded CNOOC Limited from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. Finally, J P Morgan Chase & Co upgraded CNOOC Limited from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. CNOOC Limited has a consensus rating of “Buy” and an average target price of $131.00.

CNOOC Limited (CEO) traded down 0.50% during trading on Wednesday, hitting $112.85. The stock had a trading volume of 61,896 shares. The firm has a market cap of $50.38 billion, a price-to-earnings ratio of 1128.50 and a beta of 0.76. The firm’s 50 day moving average is $110.72 and its 200 day moving average is $116.69. CNOOC Limited has a 1-year low of $108.05 and a 1-year high of $138.36.

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CNOOC Limited Company Profile

CNOOC Limited is a Hong Kong-based investment holding company principally engaged in the exploration, production and trading of oil and gas. Its businesses include conventional oil and gas businesses, shale oil and gas businesses, oil sands businesses and other unconventional oil and gas businesses. The Company mainly operates businesses through three segments.

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